Rithm Capital's Updated Sector Comparative Analysis - Part 1 (Includes Recommendation For 19 Peers As Of 12/6/2024)
Part 1 of this article compares RITM's recent investment composition, leverage, hedging coverage ratio, quarterly BV, economic return (loss), and current valuation to 19 mREIT peers. Due to what has occurred during Q4 2024 (fluctuating rates/yields), understanding the composition of RITM's MSR/investment and derivatives portfolio is crucial in understanding current/future performance. My current RITM BV projection and updated price target is in the “Conclusions Drawn” section. RITM is currently deemed undervalued (buy recommendation).
Rithm: The 9% Yield Is Still Dirt Cheap
Rithm Capital investors have underperformed the market recently, even as the S&P 500 surged to new records. RITM's attractive dividend yield of 9% attracted dip-buying at its November lows as investors reacted to a higher-for-longer interest rate outlook. The return of the Trump adminstration is expected to be inflationary, potentially lifting Rithm's MSR portfolio.
Rithm Capital: A Strong And Cheap 9% Yielder
Rithm Capital Corp. offers a 9% dividend yield with strong coverage and potential upside, performing well in both rising and declining interest rate environments. The company's diversified strategy, including mortgage servicing rights and mortgage origination, positions it well against interest rate fluctuations, unlike many other mREITs. Recent results show strong profitability with an earnings yield close to 20%, and a growing cash position providing flexibility for future investments.
Rithm Capital Up 3.3% Since Q3 Earnings Beat on Interest Income Growth
RITM's third-quarter 2024 interest income jumps 19.1% year over year.
Compared to Estimates, Rithm (RITM) Q3 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Rithm (RITM) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Rithm Capital Corp. (RITM) Q3 2024 Earnings Call Transcript
Rithm Capital Corp. (NYSE:RITM ) Q3 2024 Earnings Conference Call October 29, 2024 8:00 AM ET Company Participants Emma Bolla - Associate General Counsel Michael Nierenberg - Chairman, Chief Executive Officer and President Baron Silverstein - President, Newrez Conference Call Participants Bose George - KBW Stephen Laws - Raymond James Eric Hagen - BTIG Kenneth Lee - RBC Capital Markets Crispin Love - Piper Sandler Jason Weaver - Jones Trading Trevor Cranston - Citizens JMP Operator Good day and welcome to the Rithm Capital Third Quarter 2024 Earnings Conference Call. All participants are in listen-only mode.
Rithm (RITM) Q3 Earnings Surpass Estimates
Rithm (RITM) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.58 per share a year ago.
Exploring Analyst Estimates for Rithm (RITM) Q3 Earnings, Beyond Revenue and EPS
Beyond analysts' top -and-bottom-line estimates for Rithm (RITM), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
Here's How Rithm Capital Can Afford Its 9.5% Dividend Yield
Some might call it a mortgage REIT, but there's much more to this expanding finance business.
Can Rithm Capital Navigate Lower Servicing Revenues in Q3 Earnings?
RITM's third-quarter earnings are likely to have been affected by higher expenses and lower asset management revenues.
Earnings Preview: Rithm (RITM) Q3 Earnings Expected to Decline
Rithm (RITM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Will Rithm (RITM) Beat Estimates Again in Its Next Earnings Report?
Rithm (RITM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
